It is over-simplification to say the world has been overwhelmed with too much oil and gas and inadequate drivers of demand for them over the last few years. Price movements of commodities are traditionally cyclic in nature, and have followed a multi-year boom-bust sinusoidal-type wave profile that dates back to the earliest days of humanity’s first phase of industrialization. These cycles are triggered historically by a catalyst that impacts the global demand for commodities, and drives prices up or down for decades. In physics the sine wave represents the oscillations in which the amplitude of the peaks and troughs are proportional to its displacement, over time. To date, the sine curves of the commodity cycle have followed this trend. Is this set in stone? To know where we might go, it is important to understand where we’ve been. In this article we will review the factors involved in initiating […]